@krsheath What's your overall thoughts on the indicator? I know there is no "silver bullet" so to speak in an indicator, but did this provide you value for the cost vs what's available here?I bought this few weeks back
Script is good . but scanner is waste of money.. I contact the developer to provide instruction's - So when wave5 and bullish is confirm it should scan and alert me.. and he said he's not able to do that.@krsheath What's your overall thoughts on the indicator? I know there is no "silver bullet" so to speak in an indicator, but did this provide you value for the cost vs what's available here?
does it paint 1, 2, 3...waves?@krsheath What's your overall thoughts on the indicator? I know there is no "silver bullet" so to speak in an indicator, but did this provide you value for the cost vs what's available here?
Right well, this may sound, unconventional I no longer draw trendlines I rely on the day/weekly fibs plus that indicator it really has simplified my charts and I see the patterns develop in short/daily time frames so really I wait for patterns to form either bullish or bearish patterns and this worked out for me.does it paint 1, 2, 3...waves?
Hello, and good morning. Primarily those candles are transitionary they serve to alert high/low change really. Also, give attention to the dashed bull/bear lines. Breakout of the trend lines yes break above/below I also use my indicators to confirm daily/weekly fibs and an anchor chart along with a lower time frame chart as discussed in the pdf file. Frankly, though we are not allowed to discuss premium indicators here.@J007RMC I have the same wolfe wave indicator. I have contacted Robert and he pointed me towards you. I am interested to know how you trade using wolfe wave. I noticed the Purple candles with the up or down arrows seem to give quite a few false signals. Should I wait until a breakout of the trendlines to enter?
I'm interested as well. I've really been finding all these studies related to the wolfe waves useful. An effective scanner would be awesome.Anyone got a scanner? I've the wolfe wave from funwiththink script and the scanner -- . the scanner is soo messed up .. I ask the developer if I can scan on 4HR using 5th wave - and he says no.
does it paint 1, 2, 3...waves?
nope, that scanner is protected by the writer any release without permission is subject to the law. The same goes for all premium scripts.I'm interested as well. I've really been finding all these studies related to the wolfe waves useful. An effective scanner would be awesome.
nope, that scanner is protected by the writer any release without permission is subject to the law. The same goes for all premium scripts.
but allow posts describing ways to obtain pirated copies. Shame.
well i finally got to my PC and I start checking it out and it seems we already have that..... Also, it seems as if they are selling it..... Im not going to get into is this right or wrong even though it seems wrong, Ive just read these posts before and it seems like its fair game and legal.........@BenTen @horserider @markos ....... hey guys so I came across this indicator on Twitter made by scripts to trade. I was about to buy it bc it seemed I would actually like to have the information on my screen so I won't have to switch between charts to check p&l.
After looking at it closer, I realized that I use a very similar indicator n my 5min and daily chart. The wolf waves. So I was wondering if there is anyway to incorporate the rest of the data onto a chart. Here is the imae. Well, im on my phone and its acting crazy after this last update so I may have to log onto my pc but its called the risk reward indicator
# Wolf Waves
# Mobius
# V01.05.22.2018
# User Inputs
input n = 10;
# Internal Script Reference
script LinePlot {
input BarID = 0;
input Value = 0;
input BarOrigin = 0;
def ThisBar = HighestAll(BarOrigin);
def ValueLine = if BarOrigin == ThisBar
then Value
else Double.NaN;
plot P = if ThisBar - BarID <= BarOrigin
then HighestAll(ValueLine)
else Double.NaN;
}
# Variables
def o = open;
def h = high;
def l = low;
def c = close;
def x = BarNumber();
def xN = x == HighestAll(x);
# R1
def hh = fold i = 1 to n + 1
with p = 1
while p
do h > GetValue(h, -i);
def PivotH = if (x > n and
h == Highest(h, n) and
hh)
then h
else Double.NaN;
def PHValue = if !IsNaN(PivotH)
then PivotH
else PHValue[1];
def PHBarOrigin = if !IsNaN(PivotH)
then x
else PHBarOrigin[1];
def PHBarID = x - PHBarOrigin;
# R2
def R2PHValue = if PHBarOrigin != PHBarOrigin[1]
then PHValue[1]
else R2PHValue[1];
def R2PHBarOrigin = if PHBarOrigin != PHBarOrigin[1]
then PHBarOrigin[1]
else R2PHBarOrigin[1];
def R2PHBarID = x - R2PHBarOrigin;
# R3
def R3PHValue = if R2PHBarOrigin != R2PHBarOrigin[1]
then R2PHValue[1]
else R3PHValue[1];
def R3PHBarOrigin = if R2PHBarOrigin != R2PHBarOrigin[1]
then R2PHBarOrigin[1]
else R3PHBarOrigin[1];
def R3PHBarID = x - R3PHBarOrigin;
# S1
def ll = fold j = 1 to n + 1
with q = 1
while q
do l < GetValue(l, -j);
def PivotL = if (x > n and
l == Lowest(l, n) and
ll)
then l
else Double.NaN;
def PLValue = if !IsNaN(PivotL)
then PivotL
else PLValue[1];
def PLBarOrigin = if !IsNaN(PivotL)
then x
else PLBarOrigin[1];
def PLBarID = x - PLBarOrigin;
# S2
def S2PLValue = if PLBarOrigin != PLBarOrigin[1]
then PLValue[1]
else S2PLValue[1];
def S2PLBarOrigin = if PLBarOrigin != PLBarOrigin[1]
then PLBarOrigin[1]
else S2PLBarOrigin[1];
def S2PLBarID = x - S2PLBarOrigin;
# S3
def S3PLValue = if S2PLBarOrigin != S2PLBarOrigin[1]
then S2PLValue[1]
else S3PLValue[1];
def S3PLBarOrigin = if S2PLBarOrigin != S2PLBarOrigin[1]
then S2PLBarOrigin[1]
else S3PLBarOrigin[1];
def S3PLBarID = x - S3PLBarOrigin;
# S4
def S4PLValue = if S3PLBarOrigin != S3PLBarOrigin[1]
then S3PLValue[1]
else S4PLValue[1];
def S4PLBarOrigin = if S3PLBarOrigin != S3PLBarOrigin[1]
then S3PLBarOrigin[1]
else S4PLBarOrigin[1];
def S4PLBarID = x - S4PLBarOrigin;
# S5
def S5PLValue = if S4PLBarOrigin != S4PLBarOrigin[1]
then S4PLValue[1]
else S5PLValue[1];
def S5PLBarOrigin = if S4PLBarOrigin != S4PLBarOrigin[1]
then S4PLBarOrigin[1]
else S5PLBarOrigin[1];
def S5PLBarID = x - S5PLBarOrigin;
# Plots
#plot R1 = LinePlot(BarID = PHBarID,
# Value = PHValue,
# BarOrigin = PHBarOrigin);
#R1.SetDefaultColor(Color.GREEN);
#AddChartBubble(x == HighestAll(PHBarOrigin), PHValue, "R1", Color.GREEN, 1);
#plot R2 = LinePlot(BarID = R2PHBarID,
# Value = R2PHValue,
# BarOrigin = R2PHBarOrigin);
#R2.SetDefaultColor(Color.GREEN);
#AddChartBubble(x == HighestAll(R2PHBarOrigin), PHValue, "R2", Color.GREEN, 1);
#plot R3 = LinePlot(BarID = R3PHBarID,
# Value = R3PHValue,
# BarOrigin = R3PHBarOrigin);
#R3.SetDefaultColor(Color.GREEN);
#AddChartBubble(x == HighestAll(R3PHBarOrigin), PHValue, "R3", Color.GREEN, 1);
plot S1 = LinePlot(BarID = PLBarID,
Value = PLValue,
BarOrigin = PLBarOrigin);
S1.SetDefaultColor(Color.RED);
AddChartBubble(x == HighestAll(PLBarOrigin), PLValue, "S1", Color.RED, 0);
#plot S2 = LinePlot(BarID = S2PLBarID,
# Value = S2PLValue,
# BarOrigin = S2PLBarOrigin);
#S2.SetDefaultColor(Color.RED);
#AddChartBubble(x == HighestAll(S2PLBarOrigin), PLValue, "S2", Color.RED, 0);
#plot S3 = LinePlot(BarID = S3PLBarID,
# Value = S3PLValue,
# BarOrigin = S3PLBarOrigin);
#S3.SetDefaultColor(Color.RED);
#AddChartBubble(x == HighestAll(S3PLBarOrigin), PLValue, "S3", Color.RED, 0);
# Trend Line
#plot SupportLine2 = if x == HighestAll(S2PLBarOrigin)
# then S2
# else if x == HighestAll(PLBarOrigin)
# then S1 #Parentlow
# else Double.NaN;
#SupportLine2.EnableApproximation();
#SupportLine2.SetDefaultColor(Color.GRAY);
#SupportLine2.SetLineWeight(1);
#SupportLine2.SetStyle(Curve.LONG_DASH);
#def slope2 = (S2 - S1) /
# (HighestAll(S2PLBarOrigin) - PLBarOrigin);
#plot ExtLine2 = if x >= S2PLBarOrigin
# then (x - HighestAll(S2PLBarOrigin)) * slope2 + S2
# else Double.NaN;
#ExtLine2.EnableApproximation();
#ExtLine2.SetDefaultColor(Color.GRAY);
#ExtLine2.SetLineWeight(1);
#ExtLine2.SetStyle(Curve.LONG_DASH);
#plot SupportLine3 = if x == HighestAll(R3PHBarOrigin)
# then R3
# else if x == PHBarOrigin
# then R1
# else Double.NaN;
#SupportLine3.EnableApproximation();
#SupportLine3.SetDefaultColor(Color.GRAY);
#SupportLine3.SetLineWeight(1);
#SupportLine3.SetStyle(Curve.LONG_DASH);
#def slope3 = (R1 - R3) /
# (HighestAll(PHBarOrigin) - R3PHBarOrigin);
#plot ExtLine3 = if x >= R3PHBarOrigin
# then (x - HighestAll(R3PHBarOrigin)) * slope3 + R3
#else Double.NaN;
#ExtLine3.EnableApproximation();
#ExtLine3.SetDefaultColor(Color.GRAY);
#ExtLine3.SetLineWeight(1);
#ExtLine3.SetStyle(Curve.LONG_DASH);
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